Cause-Marketing wine company ONEHOPE Raises $33 Million with record number of investors

 

Cause-marketing wine sales company ONEHOPE  has raised at least $33 million from at least 44 investors — most of them individuals. The amount raised puts them in the number 8 position in Wine Industry Insight’s wine venture funding series despite the fact that the most recent finding round amount has not been publicly disclosed.

 

In addition to its for-profit sales organization, the company has created a federally tax-exempt corporation — ONEHOPE Foundation — which says it is serves to pass thr0ugh charitable donations.

 

Wine Executive News Premium subscribers can access a profile from Guidestar, a charity watchdog site as well as links to the foundation’s federal tax returns (below).

 

The un-redacted table is available to Wine Executive News Premium Subscribers.

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Profiles

Bloomberg: “ONEHOPE Wine, LLC owns and operates vineyards and produces wines. The company’s products include red, white, and sparkling wines. It offers its products through hotels, restaurants, bars, and retail stores in the United States. In addition, it offers wines, gourmet coffee, hats, gift baskets, gift sets, T-shirts, V-necks, bracelets, V-neck tees, and neck tees online. The company also offers its products through distributors in the United States, China, and Puerto Rico. The company was founded in 2006 and is based in El Segundo, California.”

 

Wikipedia: “ONEHOPE is a California-based seller of wine, coffee, and other products and services. The company is set up as a social enterprise to raise awareness and funding for charitable organizations and social causes. ONEHOPE donates half of its profits to charity and each ONEHOPE wine varietal supports a different charitable cause or organization. The company’s charitable donations are made through the ONEHOPE Foundation. The ONEHOPE Foundation has raised over $3 million for various charities.”

IRS Form 990 Returns (Links available to Wine Executive News Premium subscribers)

• ONEHOPE Foundation 2014 IRS Form 990

• ONEHOPE Foundation 2015 IRS Form 990

• ONEHOPE Foundation 2016 IRS Form 990

• Older Form 990s (back to 2010) at this link.

Previous Wine Industry Insight/Wine Executive News funding articles

• Lot 18 funding: $44.5 million good enough for 6th place in winetech venture funding

• At $53 million, Drizly places #4 in winetech funding, but #1 in the total number of investors.

• Vivino surfs to online prominence atop a wave of Euro Cash

• Wine.Com’s $140 million funding foundation takes #1 position in WII’s wine venture funding series

• List of top 50 wine business venture fundings + Coravin #1 in total financing

• Chinese wine venture capital investments blow away United States efforts

• Wine industry missing out on investment due to its lack of financial transparency

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